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Is Redfin Stock a Buy?

TheMotleyFool

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Is Redfin Stock a Buy?: https://g.foolcdn.com/editorial/images/755383/home-loan-insurance-real-estate-agent.jpg

By providing its agents with a technology platform, Redfin (NASDAQ: RDFN) has found success in the competitive real estate brokerage industry. It has a presence in more than 100 markets in the U.S. and Canada, and it's the most visited brokerage website.

But the shares have performed poorly, and they are currently 93% below their peak price (as of Nov. 28). This is due to unfavorable macro headwinds. Maybe value-focused investors will find the beaten-down price-to-sales ratio of about 0.35 as an attractive opportunity that can't be passed up.

So, is this tech-focused real estate stock a smart buy right now? Here's what investors need to know about Redfin.

Source Fool.com

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